Investor George Soros to hand over his $25 billion business to his son Alexander
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Investor George Soros has begun handing over his $25 billion business to younger son Alexander Soros. About it writes newspaper The Wall Street Journal.
Alexander said that he and his father “think the same, but pursue different goals.” At the same time, he is more politically active than his father, and he will use the family budget to support left-wing American politicians.
Soros Sr. did not plan to transfer the management of the family fund to anyone. Out of principle, he did not want to transfer control to his sons, because he believed that the fund should be handled by someone who can really handle it. Despite this, Alexander “won his father’s trust” by filling in for him on trips to organizations around the world.
The youngest son of George Soros has become the only member of the family who will have the right to control the Soros Fund Management fund. In addition, Alexander is the chairman of the board of directors of the Open Society Foundations (the organization is recognized as undesirable in Russia).
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